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Price Analysis

Tron Price Analysis: Tron (TRX) drops by 20% in last 15 days; The future seems shaky

  • Tron (TRX) losses its charm and drops by 20% from the beginning of the month. 
  • The Price Trend appears shaky.

The third quarter began with high hopes of taking the price a few notches up. The expectations were badly ruined. Well, the traders were eyeing in August to bring back the charm in the altcoin market. There were few escalations registered during the beginning of the month, but later it all came down. 

Tron (TRX) has registered a loss of 20% in the last 15 days. There is no expectation of upsurge in the coin today. The future speculations seem blurry. Let’s have a look at the price chart. 

TRX/USD Price Chart: 

The price analysis is done with the help of Trading View chart which was taken on 15th August 2019 at 03:22:05 UTC. 

Tron started the month at $0.022 on 1st August and the coin was seen slipping down by 4.85% and touched $0.021. The coin climbed to $0.023 from $0.021 by 9.90% between 2nd to 5th August. The coin started falling post the upsurge, where it had two major regressions. The first took the coin down from $0.022 to $0.019 by 13.43%. The second took the coin from $0.0215 to $0.0178 by 16.51%. The coin is currently dealing at $0.0178 and the regression marked from the starting of the month is 20%. 

Particulars Tron (TRX) 
Price $0.016996 
ROI 728.58%
Rank 14
Market Cap$1,133,345,123 
24hr Volume $497,448,483 
Circulating Supply 66,682,072,191 TRX

Tron Price Prediction and Conclusion: 

Tron (TRX) was once counted among the top trading coins in the market. Gradually, the coin was under the radar of bad publicity. The same brought a huge change in the coin. The coin is now dealing at the 14th position in the crypto market. The market cap is moving tremendously down, which is a bad signal for the coin.

The traders are recommended to stay put. The actual momentum of the coin would come out after the upsurge is lifted.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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